Iran's oil exports plunges due to US sanctions
Iran’s oil exports slid below 500,000 barrels per day in May under the US sanctions, oil industry sources report. These sources are confirmed by tanker data.
It is reported that this month, the volume of oil supplies from Iran ranges between 250 to 500 thousand bpd. “The main destinations for Iranian oil are India and China,” Reuters quotes the sources. Iran does not export oil either to Europe or to Turkey.